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2. CONCEPTS AND DEFINATIONS OF
ENTREPRENEURSHIP
3. Entrepreneur
Anentrepreneuris a person who has possession of a
newenterprise,
ventureorideaand is accountable for the inherent risks and the
outcome.
According to:
Peter drucker :Entrepreneur is one who always searches for change,
response to it and exploit it as an opportunity.
Richard Schumpeter :Entrepreneur is one who innovator, raisemoney,
collects inputs,
Organises talent, provided leadership and set the organisation in
proper order.
International Labour Organisation,I. L.O(1982) : Entrepreneur
arepeople who the
ability to see and evaluate business opportunity;to gather
necessary resources, to take advantage of them and to initiate
appropriate action to ensure success.
4. Various views of the termEntrepreneur
1.Entrepreneur asaInnovator :
5. The discovery of a new source of supply of a raw material. 6. The opening of a new market into which the specific producthas notpreviously entered.